Faculty News
Professor Nicholas Economides shares his views on the state of Greece's economy
—
Excerpt from Bloomberg -- "Grexit is out of the question. I think it’s out of the question for two reasons. First of all, it’s going to be a disaster for Greece. And I think by now, the Europeans also think the same way. So I don’t think it’s going to happen. At the same time, when I look at the Greek government bonds, I still see premiums that show some such probability. But I think that it’s unwarranted. I don’t think that Grexit is in the cards. If I was advising the Greek government, I would tell them exactly what I told you a minute ago: cut the state sector, cut taxation, create the right investment environment, find a way to deal with non-performing loans. There are lots and lots of non-performing loans in Greece, and there has to be some way to securitize them, to find a way so that the banks get rid of them from their books and they can actually give loans to healthy businesses."
Watch the video
Additional coverage appeared on TheStreet.com.
Watch the video
Additional coverage appeared on TheStreet.com.